Movers: Adani Energy Solutions, AGEL, Power Grid, Power Finance, SJVN, Tata Motor, Vishnu Prakash

Arun Goswami
27 Dec, 2023
Mumbai

Stocks in Mumbai advanced, and benchmark indexes extended their gains in the final week of 2023.

The Sensex index increased 366.83 points to 71,703.68, and the Nifty index rose 110.40 points to 21,551.75.

On the Mumbai stock exchange, 233 stocks traded at their 52-week highs and 12 stocks traded at their 52-week lows.

Adani Green Energy increased 1.8% to ₹1,630.0, and the company said it completed the transfer of assets to a joint venture with the France-based TotalEnergies.

TotalEnergies contributed $300 million, and Adani Green transferred a portfolio of renewable power generation assets with a capacity to produce 1.05 GW of power.

Adani Energy Solutions soared 2.1% to ₹1,062.0, and the company said it received a letter of intent from PFC Consulting to acquire the Halvad Transmission project.

The Halvad project is expected to be completed by the end of 2026.

SJVN Ltd. gained 2.9% to ₹94.25 after the company was awarded a 100 MW solar power project from Gujarat Urja Vikas Nigam for an estimated value of ₹550 crore.

Power Grid Corporation increased 2% to ₹235.35 after the company said it launched operations at its 500 MW wind energy zone in Tamil Nadu.

Power Finance declined 1.1% to ₹387.85, and the company sold Vataman Transmission for ₹18.20 crore and the Koppal-Gadag transmission SPV in Karnataka for ₹18.40 crore to Power Grid.

Tata Motors rose 2.2% to ₹735.55 after the company struck a deal to supply 1,350 units of the LPO version of the diesel bus chassis to Uttar Pradesh State Road Transportation Corporation.

Zee Learn was unchanged at ₹6.50, and the company said it will review the claims filed by Axis Bank in its recent petition with the National Company Law Tribunal seeking insolvency proceedings against the company.

Vishnu Prakash R. Punglia advanced 5% to ₹230.10 after the company won an 899 crore contract from the Uttarakhand government for several development projects.